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Share Name Share Symbol Market Type Share ISIN Share Description
Bt Group Plc LSE:BT.A London Ordinary Share GB0030913577 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.40 -2.83% 116.90 18,704,370 16:35:16
Bid Price Offer Price High Price Low Price Open Price
117.35 117.40 120.30 116.85 120.05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Fixed Line Telecommunications 20,850.00 1,963.00 12.90 9.1 11,606
Last Trade Time Trade Type Trade Size Trade Price Currency
17:51:02 O 543 120.062 GBX

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Posted at 07/12/2022 08:20 by Bt Daily Update
Bt Group Plc is listed in the Fixed Line Telecommunications sector of the London Stock Exchange with ticker BT.A. The last closing price for Bt was 120.30p.
Bt Group Plc has a 4 week average price of 114.25p and a 12 week average price of 113.80p.
The 1 year high share price is 201.40p while the 1 year low share price is currently 113.80p.
There are currently 9,928,332,318 shares in issue and the average daily traded volume is 34,359,898 shares. The market capitalisation of Bt Group Plc is £11,606,220,479.74.
Posted at 24/11/2022 14:19 by rathkum
BT Group still a 'buy' for Jefferies, with report Openreach cutbacks hitting fibre expansion 'misleading'

Jefferies has a 250p share price target on BT Group, with the stock currently trading at 125.45p



BT Group PLC (LSE:BT.A) is still a 'buy' for analysts at Jefferies who think that this morning's headline in the Financial Times (FT) that Openreach cutbacks are hitting the company's FTTP (Fibre To The Premises) expansion "is misleading".

The Jefferies' analysts noted that the FT suggests that Openreach is seeking to limit its investment in the FTTP roll-out. Specifically, it said Openreach has informed contractors that it will focus investment on completing roll-outs at partially-covered locations and will postpone roll-outs in new locations. Current FTTP coverage is 9mln premises and there is an additional 6mln backlog that is partially completed.

They said Openreach CEO Clive Selley is quoted as saying that what will be suspended is work on surveys and estimates for future work beyond this 15mln footprint, but he asserts that Openreach remains committed to the target of covering 25mln premises by December 2026.

At the half-year, BT guided that FTTP capex will be focused on provisioning customers onto the network. The company's management indicated that the FTTP footprint should increase by around 3.2mln premises in full-year 2023 (FY23) against a prior target of around 3.5mln, which would allow more resources to be directed at provisioning.

The analysts noted that BT disclosed that new FTTP orders came in at the rate of 44,000 per week during 2Q FY23, but that Openreach was only able to connect 25,000 per week. BT also asserted that FTTP coverage costs remain at the lower end of its target £250-£350 per premise range, in line with previous periods, with build rate still guided to accelerate, with the near-term focus on unwinding backlog.

They said: "Our impression from talking with BT is that a build rate of c.3.5mln premises is anticipated for FY24. This would take total coverage to c.14mln premises. To bridge from there to the 25mln target in Dec 2026, Openreach would need to accelerate build rate to c.4mln premises pa. This is the level it has previously described as peak run-rate."

The analysts said the question is how to square BT’s guidance of accelerating build rate with lower group capex from FY24. At the half year, BT raised group capex guidance for FY23 to £5.0bn from £4.8bn, arguing that a tax refund is being reinvested in FTTP.

The Jefferies analysts said: "We understand that the backlog of part-complete FTTP coverage has built up substantially as a result of this investment. From FY24, BT is guiding that group capex will revert to £4.8bn pa, but that FTTP capex will not be declining.

"To square this circle, BT argues that capex focused on Huawei swap out should cease from FY24 (c.£150mln y/y saving) and copper legacy capex is now falling at an accelerating rate (-26% y/y in 1H FY23, on a base of c. £500mln in FY22). On top of that, Openreach’s new FTTP coverage of c.3.5mln premises in FY24 should be heavily focused existing backlog."

The analysts concluded: "The capex question may be more pertinent in FY25, by which time today’s backlog will be largely connected, and FTTP build will be more focused on new footprint. We will be looking for BT to explain what other legacy items might be dropping out of the capex perimeter by FY25."

Jefferies has a 250p share price target on BT Group, with the stock currently trading at 125.45p.

Posted at 07/11/2022 14:05 by wendsworth
What price the share price before ex-dividend date ? Will be on a number of financial scribes lists as a share to follow in 2023 .
Posted at 28/10/2022 16:19 by misca2
Oliver Haill

16:00 Fri 28 Oct 2022

BT shares rise ahead of results despite torrent of bad news

UK telecoms competition is stiffening, there are concern over rising interest rates, a pay dispute is unresolved, there were recent alarms for its pension fund and a fine for its accountant over audit failings




BT Group PLC (LSE:BT.A) shares have been doing a strange thing for the month ahead of this coming Thursday’s half-year results, the same as they did this time last year – they have been climbing higher, which is unusual as investor have got pretty used to them sliding lower as they have done for the second half of the past decade.

It seems the presence of French billionaire Patrick Drahi on the shareholder register - and maybe the spinning off of BT Sport - is enough to counterbalance the past few months alone seeing a torrent of apparently bad news: stiffening competition in the UK telecoms market, concern over rising interest rates with BT’s huge debt pile, an ongoing staff pay dispute, alarms for its pension fund and a fine for its accountant over audit failings.

Results for the six month to 30 September are expected to be “mixed” but with full-year guidance reiterated, said analysts at UBS, with “a lot of moving parts to the story”.

Second-quarter revenue are forecast by City analysts to come in at £5.3bn over average, very slightly higher than the first quarter (which saw the first revenue growth in five years) and a year ago (£5.13bn Q1-22 and £5.24mln Q2-21).

Underlying profit (EBITDA) is seen rising 3.4% to £1.95bn, slower than the 3.1%and 2% growth seen in the preceding two quarters.

In the first months of the year, price rises boosted BT’s consumer unit but this was offset by declines for the Enterprise arm, with UBS saying it is “wary that growing pressures on the consumer could mean the tailwind from price rises is fading in the consumer unit”.

As well as an update on cost inflation, investors will be looking out for signs that the Enterprise and Global arms are not getting any worse, as well as the effects of rising broadband infrastructure competition on Openreach, which saw a decline in its broadband base in Q1.

Analysts at Berenberg wondered if this might be the first evidence of alternative networks starting to impact, leading to a downgrade - though Deutsche Bank argued the risks around alt-nets was largely already in BT's share price.

At the start of September, BT and Discovery finalised the deal for the spinning off of BT Sport into a joint venture with Eurosport.

BT said would be expected to reduce revenue by £0.5-0.6bn per year on a pro forma basis and along with other effects would have increased its EBITDA by £42mln in the first quarter of the current financial year, though this benefit reduces “materially221; in subsequent quarters.

BT will receive £93mln from Warner Bros Discovery and up to approximately £540mln by way of an earn-out from the JV, subject to certain conditions being met.

Proactive

Posted at 18/9/2022 09:37 by waldron
FWIW

Is now finally the time to load up on BT shares?

Despite their poor performance, this Fool thinks BT shares would be a strong addition to his portfolio. Here, he explains why.

Charlie Keough
THE MOTELY FOOL


Published 18 September, 9:00 am BST



The trajectory of BT (LSE: BT-A) shares will no doubt have been leaving investors feeling gloomy in recent times.

The telecommunications giant is a FTSE 100 stalwart. And while it’s failed to excite for a while, I think its current price could be appealing.

Here’s why.


BT share price history

Let’s start by assessing the performance of the stock.




Looking at the BT share price across the last five years isn’t pretty reading. Since then, its share price is down over 50%. The stock flirted with the 300p mark back then. Today, a share costs just 140p.

The last year has told a similar tale. In this time, it’s down 9%. And these losses have only continued in 2022.

The main reason for this is inflation. Rates going higher have seen investor confidence in the market go lower. While BT isn’t alone in its struggles as this year has seen a monumental amount wiped off global markets, it’s still not good news for shareholders.

On top of this, the business has also been in the news following staff strikes. The firm had been embroiled in discussions with the Communication Workers Union regarding calls for a pay rise amid the cost-of-living crisis. But BT’s offers haven’t satisfied the union.


Not all down and out

It’s clear to see BT has faced headwinds. However, I see potential with the stock.

Firstly, its dividend yield will most certainly come in handy during these times. For the year ended March 2022, its payout totalled 7.7p per share. At current levels, that equates to a 5.5% yield. And while it’s not inflation-beating, it offers me a greater hedge against inflation than the FTSE 100 average.

Another enticing factor is a potential takeover by French billionaire Patrick Drahi. He currently owns an 18% stake in the firm. And with the UK government providing Drahi an unexpected all-clear regarding his stake, this could open the door for a takeover attempt in the months ahead. This would provide the BT share price with a boost.

Of course, I don’t buy solely based on speculative factors such as a takeover that may or may not happen. You see, I also think there’s long-term value in the stock.

What I like about BT is the large infrastructure it already has in place. This provides it with some higher degree of pricing power. This was seen with raised prices for broadband and mobile contracts boosting its sales in the last quarter. With the continuous expansion of its Openreach network, which now reaches 8m homes and businesses across the UK, I think BT has solid foundations to excel.

My biggest concern is its debt. As of 30 June, its net debt stood at £18.9bn, which is a monumental sum. With interest rates rising, and with further hikes expected, this will make the debt harder to eradicate.


Is now the time?

So, is now a good time to load up on some shares?

I’d say yes. It’s been a tough year for BT. And I’d expect it to face further headwinds. While I have no spare cash right now, if I did I’d open a small position in the stock today. Its large infrastructure provides it with an edge. And its dividend yield and a potential takeover are also a draw.

Posted at 06/9/2022 12:06 by gibbs1
Oliver Haill

12:17 Tue 06 Sep 2022


The pressures on BT's business-facing units had perhaps previously been underestimated, analysts said


BT Group PLC (LSE:BT.A) shares were hit by a downgrade from Berenberg on Tuesday, sparked by concerns about the pressure on the telecoms group's business-facing divisions.

The rating on the stock was cut from 'buy' to 'hold', with the share price target trimmed to 190p from 220p.

Analysts said recent first-quarter results from the FTSE 100 group raised a "multitude of questions" about the investment case, including whether BT's average revenue per user growth will slow in coming quarters in line with rivals as contracts come to an end, and whether capital expenditure guidance is realistic given the high figure in the quarter.

What's more, infrastructure wing Openreach reported a decline in its broadband base, prompting analyst Carl Murdock-Smith to wonder: "is this the first evidence of alternative networks starting to impact? Will Virgin Media O2 have success in entering the wholesale market, or acquire TalkTalk, putting Openreach’s revenues at long-term risk?"

The pressures on BT's business-facing units had perhaps previously been underestimated, the analyst acknowledged, pondering if the performance has "bottomed or could there be further downside?"

The spinning off of BT Sport into a joint venture with Warner Bros Discovery Inc (NASDAQ:WBD), which completed on 1 September, "should prove broadly EBITDA neutral", while the 18% stake taken by Altice owner Patrick Drahi, which was recently waved through by Downing Street, "creates optionality", the analyst said.

"While his motivations remain unclear, this creates the possibility of newsflow (or at least speculation) that could cause the share price to increase."

By the time the group resolves all these issues, "we will then be approaching the general election, at which point the pricing and Openreach debates will increasingly take over".

At the bottom line, BT shares look "cheap on earnings", Murdock-Smith said, with the shares available for eight times forecast earnings per share, this metric can "smooth out" the sort of big investment the telecoms group needs to make.

On a valuation based on cash flow, the shares look "expensive" at 16 times operational free cash flow.


Proactive

Posted at 15/5/2022 07:36 by sarkasm
THE MOTELY FOOL


3 reasons to buy – and not buy – BT Group shares

The BT Group share price has a rock-bottom valuation right now. Is this a red flag or does it make the FTSE 100 firm too cheap to miss?
Royston Wild❯
Published 15 May, 8:18 am BST


The BT Group (LSE: BT-A) share price proved ultra-resilient during the market volatility of last week.





Yet on paper, BT’s share price still looks ultra cheap. The telecoms giant trades on a forward price-to-earnings (P/E) ratio of 8.5 times, comfortably inside bargain territory of 10 times and less. Meanwhile BT’s dividend yield sits at a healthy 4.4% for 2022.


Reasons to be cheerful

Some stocks command ultra-low valuations because of their weak earnings prospects.

However, there are reasons why BT (and by extension its share price) could have a very bright future.

These include:

#1: EE rebranding. BT is taking steps to rejuvenate its disappointing consumer division by rebadging products there under its EE mobile brand. This could be a masterstroke given the popularity and acclaim that EE commands. It won the uSwitch award for ‘fastest mobile network’ for the third year running in 2022.

#2: An improved sports product. Last week BT sealed the deal on a 50:50 joint venture with broadcasting colossus Warner Bros. Discovery. The deal will create a pay-TV sport powerhouse, adding events like the Olympics to BT’s portfolio that might significantly boost subscriptions.

#3: Huge infrastructure investment. BT’s heavy investment infrastructure could pay off handsomely as Britain digitises its economy. The FTSE 100 firm is spending £15bn to roll its fibre network out to 25m homes by 2025, up from a prior target of 20m. It is also taking steps to roll out 5G across the whole of the UK by 2028.


Why I worry for BT’s share price

But right now these factors aren’t enough to tempt me to buy BT shares. I’m still worried about the company and its share price for several reasons, including:

#1: The impact of Britain’s cooling economy. BT’s revenues are highly sensitive to broader economic conditions. It therefore faces extreme near-term pressure as consumer spending declines and businesses struggle to make ends meet. Britain’s economy contracted 0.1% in March after flatlining in February and rising 0.7% in January.

#2: Colossal competition. The cost of living crisis is made even worse for BT given the massive competition it faces. Customers are likely to be increasingly shopping around for a better deal in the months ahead. What’s more, BT’s Openreach division faces a fight to fend off Virgin Media O2’s entry into the infrastructure business.

#3: Massive debt levels. There’s also no getting away from the fact that BT’s balance sheet remains pretty unnerving. Net debt continues to rise and it breached £18bn in the first quarter of 2022. This casts a shadow over the company’s growth plans and its ability to keep paying big dividends to its shareholders.

Posted at 06/3/2022 15:08 by the grumpy old men
THE MOTELY FOOL



I’m buying now while the BT share price stays so low

Rupert Hargreaves | Sunday, 6th March, 2022

The BT (LSE: BT.A) share price has plunged over the past few weeks.

I think this is a fantastic opportunity for long-term investors like myself to snap up some shares in the telecommunications giant at a discount price.



Improving potential

As the largest telecommunications company in the UK, BT has certain defensive qualities about it. While some consumers might decide to cut back on spending in an uncertain economic environment and reduce expenditures on premium packages provided by the group, they are unlikely to cut back on the basic services.




This suggests the company will continue to have a steady stream of income from customers buying its broadband and phone deals.

BT has been investing heavily in its offer over the past couple of years. This investment has had a significant impact on the company’s bottom line. It is spending billions on building out its fibre broadband network, and this money is not going to shareholders.

Some investors might be disappointed by the company’s decision to spend so much on building out its network, but I believe it is the right decision.

The UK telecoms market is incredibly competitive, and BT needs to keep spending to stay ahead of the competition.



Investments pay off

These initiatives are already starting to yield results. City analysts have pencilled in earnings growth of around 6% for the 2023 financial year, the first time the company will report growth since 2016.

That is assuming the corporation hits these projections. There is no guarantee that it will. Rising costs and the competitive environment are all challenges the management will have to overcome in the next few quarters.

Still, if the company does meet these forecasts, the BT share price looks inexpensive at current levels. It is currently selling at a forward price-to-earnings (P/E) multiple of 8.6. That is below its five-year average, which is around 10.

After cutting its dividend in 2020, the company is also expected to hike its distribution in the next two financial years. Based on current projections, the stock is expected to support a dividend yield of 4.3% for the 2022 financial year and 4.3% for 2023.



BT share price outlook

Considering all of the above, I would be more than happy to add BT to my portfolio today. As the economic and geopolitical outlook becomes more and more uncertain, companies with defensive qualities like BT could come back in favour with investors.

There is no guarantee the market will re-rate the stock to a higher multiple. Nevertheless, it could act as a safe haven for investors in stormy waters in an uncertain environment.

The company will almost certainly face some challenges as we advance, but it is trying to meet these challenges head-on with increased spending. So far, the results are positive. I am excited to see what the future holds for the enterprise.





Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned.

Posted at 12/2/2022 09:13 by grupo guitarlumber
I think the BT share price could soar if this happens

Andrew Woods | Friday, 11th February, 2022

Key points

There are two possible deals concerning the BT Sport brand

Altice owner Patrick Drahi has increased his stake from 12.1% to 18%, sparking takeover rumours

Cash flow increased 6% in recent results

A telecommunications giant, BT Group (LSE:BT.A) is an instantly recognisable British firm.

Boasting brands like BT Sport and EE, the company is a FTSE 100 stalwart.

With the potential sale of BT Sport, takeover rumours and some interesting financial results, I think the BT share price could be about to soar.

Should I now be adding this business to my own portfolio? Let’s take a closer look.


Sales, takeover rumours, and the BT share price

Just this month, the firm announced it was in the final stages of selling its Premier League rights to US streaming service DAZN.

This deal, thought to be worth $800m, would be a welcome cash injection for BT, which has a not insignificant debt pile of around £18.2bn.




This transaction is complicated, however, as it has reportedly stalled.

This is primarily because of the possibility of a joint sports venture with Discovery Communications.

This would be an equal venture, with BT adding Eurosport UK to its portfolio of channels.

While this may complicate the DAZN deal, it may also be lucrative and its conclusion may cause the BT share price to soar.

Rumours have also been swirling since December 2021 about a possible takeover of BT.

The talk increased after Patrick Drahi, the owner of European telecommunications giant Altice, increased his stake in BT from 12.1% to 18%.

This purchase attracted a lot of attention. Many are wondering if Drahi is steadily increasing his stake to avoid the costs associated with a bid offer.

In any case, we will not uncover his true intentions until the summer, due to UK takeover regulations.

While a successful takeover would likely see the BT share price take off, we will need to wait a little longer to find out.
Mixed financial results

In the recent financial report for the nine months to 31 December 2021, BT reported a mixed bag of results.

During this period, profit fell by around 3% and revenue dropped by 2%. The firm stated that this was down to “Covid-19 and supply chain problems”. For me, these appear to be short-term issues that will subside with time.

On the flip side, cash flow increased markedly by 6%, from £830m to £878m. This means that the company has the luxury of cash with which to expand or strengthen its balance sheet.

This should have a very positive impact on the BT share price.

The exciting prospect of either a sale of the BT Sport brand or a joint venture might indeed the send the BT share price flying.

With more information expected soon, I will be buying shares now.

While the takeover rumours are interesting, and would positively impact the share price, I am more focused on the cash flow improvements that place the firm in a stronger financial position.





Andrew Woods

The Motley Fool UK

Posted at 11/2/2022 08:04 by maywillow
CAPITAL.COM



UK telecoms giant BT continues its strong march into 2022 despite results that temporarily disppointed the market. As of today (9 February) its shares have risen 18% this calendar year so far to £1.975

In its third quarter results BT posted revenues of £15.68bn down 2% on the same period last year and pre-tax profits of £1.54bn which were down 3% year on year. It blamed delayed Covid-19 recovery and supply chain issues for the downturn.

That decline in both revenue and profits is what disappointed the market but on consideration it took heart from the growth in both its full fibre and 5G roll out programmes - both viewed as critical to BT's future. In the days since the results BT has put 8% on its share price.

The company also announced significant moves in how it intends to strengthen its play in the content and TV business. It had two announcements.



It has agreed in principle with that Sky "will provide our customers more choice and more flexibility for the next decade". It has also opened discussions with the Discovery channel possibly leading to a new joint venture between BT Sport and Eurosport UK.

Looking at it from a longer-term perspective, an algorithm-based BT share price forecast for 2021-2025 by Wallet Investor saw the price this time next year being £1.72, then declining steadily until reaching £1.56 per share by January 2024 and £1.89 in January 2027.

When looking for BT share price predictions, bear in mind that analysts’ forecasts can be wrong. Analysts’ projections are based on making a fundamental and technical study of the company’s performance. Past performance never guarantees future results, however. Do your own research and always remember your decision to trade depends on your attitude to risk, your expertise in this market, the spread of your investment portfolio and how comfortable you feel about losing money. Never invest more than you can afford to lose.

Posted at 04/1/2022 18:24 by ariane
thanks Nige


BT Share Price Forecast For 2022. More Upside?

Crispus NyagaShares

Jan 04, 2022, 07:48 GMT

The BT share price had a relatively difficult year in 2021 even as the FTSE 100 index did well. The stock ended the year at 169.55p, which was about 16.5% below the highest level in 2021. Still, this price was about 17% above where it started the year.

BT Group had a number of key events in 2021. The company had a good performance partly because of the 5G auction that happened in March. In general, the company – together with Vodafone – benefited because the amount was less than what analysts were expecting.

The company also gained a new biggest investor. Patrick Drahi, the French billionaire owner of Altice, bought a 12% stake in the company in the second quarter. He then added funds to own a stake worth more than 18%. BT Group also continued its rollout of 5G business while its Openreach segment continued doing well.


Most importantly, the company managed to restart its dividend in November after recording strong results. The firm will start paying dividends in February this year.



The key mover for the BT share price will likely be the speculation that the company will be a takeover target. Besides, the amount of interest by foreign buyers has jumped substantially in the past few years. Still, potential bidders are concerned about getting the bid approved and the massive pension fund.

BT share price forecast

The daily chart shows that the BT share price has been in a bullish trend in the past few weeks. The stock has managed to move above the 25-day and 50-day exponential moving averages (EMA). The Relative Strength Index (RSI) has also moved slightly below the overbought level. It is along the first resistance level of the standard pivot point.


Therefore, the BT stock price will likely keep rising as bulls attempt to retest the 2021 high at 203p. On the flip side, a drop below 155p will invalidate this view.

Bt share price data is direct from the London Stock Exchange
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